UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) January 20, 2005
----------------------------------------------------------------
Money Centers of America, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 000-49723 23-2929364
--------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
700 South Henderson Road, Suite 325 King of Prussia, Pennsylvania 19406
--------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (610) 354-8888
----------------
--------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2 (b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4 (c))
Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers
On January 20, 2005, our Board of Directors elected Jonathan P.
Robinson to our Board of Directors and appointed him as Chairman of our audit
committee. There are no family relationships among directors, executive
officers, or persons nominated or appointed by us to be directors or executive
officers.
Mr. Robinson currently serves as Chief Financial Officer of O'Neill
Properties Group. Mr. Robinson has a distinguished 18-year career as a senior
financial executive at a number of high-profile public and private companies, as
well as public accounting experience. At O'Neill Properties, he is responsible
for the overall financial plans, policies and integrity of the company's
financial results and operations in addition to all external financing
activities, which include raising over $500 million of financing for its real
estate development activities in the last two years.
Prior to joining O'Neill Properties, Mr. Robinson was Chief Financial
Officer of Safeguard International, a $300 million international private equity
fund focused on later-stage leveraged buyouts and private equity investments.
During his tenure at Safeguard, he was responsible for structuring the fund's
acquisitions and overseeing all financial operations of the fund, as well as the
firm's investment portfolio.
Prior to serving at Safeguard, Mr. Robinson was Chief Financial Officer
of CRW Financial, Inc. where, in addition to the acquisition and divestiture of
Central Credit, Inc. and Casino Money Centers, Inc., the management team
executed an industry roll-up strategy in the outsourced customer service
industry, overseeing six acquisitions and the $400 million initial public
offering of its subsidiary, Telespectrum Worldwide, Inc. He has also served as
Chief Financial Officer of Airclic, Inc., a venture-backed technology start-up
that raised $100 million of equity funding under his leadership. Mr. Robinson
began his career at the accounting firm Arthur Andersen & Co. in 1986, where he
became a Certified Public Accountant.
On January 20, 2005, we issued a press release announcing Mr.
Robinson's election and describing his business experience for the last five
years, a copy of which is attached as Exhibit 99.1 hereto and is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
The following exhibit is filed herewith:
99.1 Press release dated January 20, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MONEY CENTERS OF AMERICA, INC.
Date: January 21, 2005 By: /s/ Christopher M. Wolfington
-------------------------------------
Christopher M. Wolfington
President and Chief Executive Officer
EXHIBIT INDEX
99.1 Press release dated January 20, 2005.